A loan origination fee of 1.068% of the principal amount charged for each Direct Loan that that is disbursed on or after 10/1/15 or before 10/1/16. Loans that are disbursed on or after 10/1/16 and before 10/1/17 will be charged a fee of 1.069%.

Repayment:

Six months after you graduate or drop below half-time unless you have previously used your grace period. Standard repayment is ten years.

Federal Direct Graduate PLUS Loan

Eligibility:

Apply for the maximum amount of Direct Stafford loan.

You must be a U.S. citizen or eligible non-citizen and have a valid Social Security number.

You must meet basic eligibility requirements. If you cannot meet the requirements, you may be eligible if you have a creditworthy endorser/cosigner.

You may borrow up to the cost of attendance, minus any other aid, scholarship or loans.

Interest and Fees:

Fixed at 6.31%

A loan origination fee of 4.272% of the principal amount charged for each Direct Loan that that is disbursed on or after 10/1/15 or before 10/1/16. Loans that are disbursed on or after 10/1/16 and before 10/1/17 will be charged a fee of 4.276%.

Repayment:

Begins within 60 days of the last disbursement. Option to postpone payment is available while the student is in school at least half-time.